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While McDonald’s logos and signs were being taken down from its former restaurants in Russia, coffee giant Starbucks announced it would also leave the country due to the Russia-Ukraine war. The chain entered Russia in 2007 and had 130 locations across the country
May.26 2022 19:34 PM
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The coffee chain vowed a zero-tolerance policy on food safety
Dec.14 2021 16:37 PM
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Canadian coffee and donut chain sets a blistering expansion pace that could rival the growth of Starbucks in China
Oct.28 2021 04:53 AM
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The scandal-dogged company said it managed to cut its losses by 86% to $33 million in the first half
Oct.22 2021 20:19 PM
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How foods are flavored differently in various regions makes for a good economics topic
Oct.14 2021 20:11 PM
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Genki Forest and HeyTea whet investor appetites with ‘China Chic’ to earn pumped up valuations as the two go head-to-head with the U.S. giants
Jul.29 2021 21:22 PM
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Lackluster sales in the country have dragged down the U.S. coffee giant's stock price, souring the taste of robust global growth
Jul.28 2021 15:07 PM
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Seattle-based coffee giant’s worldwide revenue falls in the last months of 2020 on pandemic measures
Jan.28 2021 20:12 PM
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Chinese president's request came after Schultz congratulated Beijing on the near completion of its plan to build a ‘moderately prosperous society,' the Xinhua news agency said
Jan.14 2021 18:04 PM
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Wu and his brother set up the Maxim’s empire with a French bistro in 1956, borne of frustration at discrimination they encountered at Western-owned establishments
Nov.30 2020 18:47 PM
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This week’s top stories were led by more major defaults, including more fallout from a state-owned miner’s missed payment. Meantime, McDonald’s has become the latest to eye China’s premium coffee market with plans to open McCafes at all its stores nationwide
Nov.21 2020 09:30 AM
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Fast food giant plans to spend $380 million over next three years to place 4,000 upscale McCafes inside its China stores
Nov.18 2020 19:02 PM
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Well-known Canadian chain has more than 100 stores in China two years after entering the country, with plans for 1,500 by 2028
Nov.9 2020 19:36 PM
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Fast food chain Dicos will begin offering Starfield-supplied products at its 2,600 stores China-wide
Oct.23 2020 19:51 PM
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For Luckin Coffee, more boardroom drama seems to be coming. Plus, a Chinese AI company sues Apple for $1.43 billion.
Aug.6 2020 08:50 AM
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Lu Zhengyao narrowly missed being booted from the company he founded, but may leave under his own terms at a shareholder meeting set for Sunday
Jul.3 2020 19:40 PM